Investment services by posta corporation. Premium bonds scheme Operate S.A.Y.E. (save as you earn) Have fixed deposit facilities Have saving facilities
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Month: December 2020
Give any four functions of commercial attaches.
Functions of commercial attaches. Search for Kenyan market abroad Inform business abroad of Kenyan goods Negotiate to expand Kenyan market abroad. Liase with the ministry of commerce to educate Kenyan producers/ manufacturers.
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The main objective of commerce is profit maximization. Highlight any four ways in which businesses can achieve this objective.
How to achieve profit maximisation objective. Reduce prices to increase sales Reduce the cost of production Diversify and expand production Expand market Increase prices of products Increase sales promotion campaigns.
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Outline any four circumstances under which a credit note may be used.
When to use a credit note: When there are damaged goods When packing cases and containers are returned When there is overcharge resulting from an arithmetic error. When goods delivered are not in accordance with the order
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1. Explain the following terms as used in commerce 4mks i) Registered capital ii) Subscribed capital iii) Issued capital iv) Paid up capital
i) Registered Capital – Amount of capital that a company can raise from its registered members ii) Subscribed Capital – The portion of issued share capital that has been accepted by the shareholders iii) Issued Capital – The portion of the Read More …
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Outline any five benefits that a person may derive from being a member of savings and credit cooperative society.
Benefits of savings and credit co-operative society (SACCO) Education Sharing of additional profits Loans can be advanced Savings Improved living standards Credit facilities eg Bank overdraft.
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